Blog - Best-Shop Faucet

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How To Start Guide

Welcome to Best-Shopme Faucet!
Here you will get more details in order to get started on this website and take advantage of it.
The "Earn Tokens" Menu
On this menu you can see a bunch of activities through which you can earn Faucet Tokens. Earning activities are generally rewarded in Faucet Tokens, except some of them (Contests, Rewards and Offerwalls). Please read carefully on the page to understand how it works.
Faucet
Currently there is both Auto Faucet and Manual Faucet options. We suggest using Auto Faucet as it gives 25% more Coins than Manual Faucet. Your main purpose is to convert your Faucet Tokens into Coins. Coins is the main and highest currency on this website, you will need Coins if you want to withdraw your funds.
Activity "Rewards"
Activity rewards are challenges you have to meet in order to get the reward. Challenges can be of different kinds and different rewards; you will see all the details on that page. It's a good way to earn more on this website. Challenges can be Daily, Weekly or Monthly.
Contests
We like to showcase the best users on website, that's where contests come in place. We current have three contests: The Most Shortlinks Done, The Most Offerwalls Done and The Most Referred. To get rewarded at the end of a contest, you firstly have to meet the minimum requirement to be qualified and do your best to be on top.
Offerwalls
Offers and surveys are the best way to boost your earnings on the website. We currently work with several offers providers and we don't have any control on offers posted on their wall. To complete an offer, please click on any provider on that page, then click on the offer you are interested in and read the requirements carefully. You will be rewarded in Credits for any completion.

Level System

Level up helps to demonstrate your experience on the website, at the same it provides some benefits. Leveling up helps you to increase your Faucet Multiplier which works for both Auto and Manual Faucet. As its name indicates, it will multiply your earnings at every faucet claim. The Faucet Multiplier goes up to 65% when you reach level 240. Another benefit is that leveling up helps you to unlock additional offerwall providers.

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What is Crypto Trading?

Cryptocurrency trading is a dynamic realm in the financial landscape, enabling individuals to take positions on the price movements of digital currencies. These trades often occur in crypto-to-dollar pairs or crypto-to-crypto pairs, offering diverse opportunities for investors and traders. Contracts for Difference (CFDs) are a favored instrument for crypto trading, granting traders flexibility, leverage, and the ability to take both long and short positions.
The Meteoric Rise of Cryptocurrency Trading
Over the past decade, cryptocurrency trading has experienced an explosive surge in popularity. Bitcoin, introduced to the world in 2009, marked the birth of the cryptocurrency era. Back in 2013, there were just 66 types of cryptocurrencies, but by February 2022, the number had skyrocketed to over 10,000. This phenomenal growth underscores the increasing appeal of cryptocurrencies as digital assets.
Cryptocurrencies differ fundamentally from traditional fiat currencies issued by governments worldwide. They exist purely in digital form, utilizing blockchain technology or peer-to-peer networks underpinned by cryptography. Unlike fiat currencies, cryptocurrencies lack a central authority, such as a central bank, that issues or regulates them. As a result, they are not considered legal tender.
Despite not being recognized as legal tender on a global scale, cryptocurrencies possess the potential to reshape the financial landscape, making them impossible to ignore. Additionally, the underlying blockchain technology has opened up new investment avenues for traders to explore.
Popular Cryptocurrencies in the Spotlight
While hundreds of cryptocurrencies are available, traders predominantly focus on a select few. The most renowned cryptocurrency is Bitcoin, regarded as the progenitor of the digital currency movement. Following a 'hard fork' in the Bitcoin blockchain, two offshoots emerged: Bitcoin Cash and Bitcoin Cash ABC.
Ethereum, another prominent cryptocurrency, serves primarily as a utility token, used within the Ethereum smart contracts platform to build decentralized applications (DApps). Other popular cryptocurrencies frequently traded on exchanges and CFD trading platforms include Litecoin, Cardano, Solana, Axie Infinity, Filecoin, Uniswap, and more.
These cryptocurrencies can be categorized into several main types, such as those designed as alternatives to fiat currencies, utility tokens like Ethereum, blockchain-based payment platforms like Stellar, and cryptocurrency indices like the Crypto 10 Index.
The Essential Skills for Crypto Trading
Engaging in cryptocurrency trading, like any form of financial trading, requires a solid understanding, specific skills, and sufficient capital. Prospective traders should equip themselves with the skills necessary for market analysis, considering the inherent volatility that makes cryptocurrencies riskier compared to traditional assets. While this volatility offers increased profit potential, it also poses a higher risk of losses that might exceed one's tolerance.
In conclusion, cryptocurrency trading is a dynamic and burgeoning field that offers opportunities for those willing to dive into the world of digital assets. With the right knowledge, skills, and a cautious approach to risk management, traders can navigate the exciting and often unpredictable waters of the cryptocurrency market.